{"id":689125,"date":"2026-03-31T01:53:22","date_gmt":"2026-03-31T01:53:22","guid":{"rendered":"https:\/\/www.rawchili.com\/nba\/689125\/"},"modified":"2026-03-31T01:53:22","modified_gmt":"2026-03-31T01:53:22","slug":"its-official-nba-formally-approves-sale-of-trail-blazers-to-a-group-led-by-tom-dundon","status":"publish","type":"post","link":"https:\/\/www.rawchili.com\/nba\/689125\/","title":{"rendered":"It’s official: NBA formally approves sale of Trail Blazers to a group led by Tom Dundon"},"content":{"rendered":"

The expected has become official: The NBA Board of Governors has approved the sale of the Portland Trail Blazers, a group led by Carolina Hurricanes owner Tom Dundon.<\/p>\n

The vote was unanimous, according to Jason Quick of The Athletic<\/a>. <\/p>\n

The franchise was valued at $4.25 billion for the sale. The new owners purchased the team from the Paul Allen Trust, which has been run by Allen\u2019s sister Judy Allen since 2018, when the Microsoft co-founder died. All proceeds from the sale will be directed to charities, as the trust requires.<\/p>\n

Dundon takes over a team that has just received state approval for major upgrades and renovations to the Moda Center. On the court, the Trail Blazers are a transitioning team that has veterans \u2014 Jrue Holiday, next season Damian Lillard \u2014 but is really built around younger stars such as Deni Avdija, Sharron Sharpe and Scoot Henderson.<\/p>\n

\u201cI\u2019m just getting to know Tom,\u201d NBA Commissioner Adam Silver said of Dundon after last week\u2019s Board of Governors meeting. \u201cI\u2019ve known him by reputation for a long time, not just through his ownership of the Carolina Hurricanes, but also through the other sports investments he\u2019s made. He\u2019s a go-getter, he\u2019s got a great reputation from having led a turnaround in the NHL. He has enormous passion and spirit. He wants to be successful both as a businessman in Portland and he wants to be successful with the team on the floor.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The expected has become official: The NBA Board of Governors has approved the sale of the Portland Trail…\n","protected":false},"author":2,"featured_media":689126,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3784],"tags":[7,601,6,687,471,3967,1617],"class_list":{"0":"post-689125","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-portland-trail-blazers","8":"tag-basketball","9":"tag-blazers","10":"tag-nba","11":"tag-portland","12":"tag-portland-trail-blazers","13":"tag-portlandtrailblazers","14":"tag-trail-blazers"},"share_on_mastodon":{"url":"https:\/\/channels.im\/@nba\/116321295055179844","error":""},"_links":{"self":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/689125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/comments?post=689125"}],"version-history":[{"count":0,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/posts\/689125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media\/689126"}],"wp:attachment":[{"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/media?parent=689125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/categories?post=689125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rawchili.com\/nba\/wp-json\/wp\/v2\/tags?post=689125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}